Waters Wrap: ASX’s Chess DLT meets calamitous fate—what can be learned?
The future of exchange technology resides in the cloud…not blockchain. Anthony says ASX proved this with its Chess replacement project.
“We began this project with the latest information at the time …”
This was the opening line in a statement by Damian Roche, chairman of the Australian Securities Exchange, after news broke that the exchange would take an AUS$245-255 million (~$165-170m) pre-tax write-off after halting its Chess blockchain project. This coming after a review by Accenture found problems with deadlines not being met, excessive complexity with what was completed, and issues in governance between ASX and Digital
More on Emerging Technologies
Google gifts Linux, capital raised for Canton, one less CTP bid, and more
The Waters Cooler: Banks team up for open-source AI controls, S&P injects GenAI into Capital IQ, and Goldman Sachs employees get their own AI assistant in this week’s news roundup.
Numerix strikes Hundsun deal as China pushes domestic tech
The homegrown tech initiative—‘Xinchuang’—is a new challenge for foreign vendors.
RBC’s partnership with GenAI vendor Cohere begins to bear fruit
The platform aims to help the Canadian bank achieve its lofty AI goals.
Deutsche Bank casts a cautious eye towards agentic AI
“An AI worker is something that is really buildable,” says innovation and AI head
TMX buys ETF biz, Iress reinvests in trading tools, UBS data exposed, and more
The Waters Cooler: Euroclear’s next-gen service, MarketAxess launches e-trading for IGBs, and new FX services are in this week’s news round-up.
SEC pulls rulemaking proposals in bid for course correction
The regulator withdrew 14 Gensler-era proposals, including the controversial predictive data analytics proposal.
Waters Wavelength Ep. 322: Navigating air travel and cybersecurity
This week, Reb, Nyela, and Shen discuss concerns around air travel and notable cybersecurity incidents.
Cloud offers promise for execs struggling with legacy tech
Tech execs from the buy side and vendor world are still grappling with how to handle legacy technology and where the cloud should step in.
